SMEZ Offers an Opportunity to Diversify European Exposure Amid
Market Recovery
State Street Global Advisors (SSgA), the asset management arm of
State Street Corporation (NYSE:STT) today announced the launch of
the SPDR EURO STOXX Small Cap ETF (Symbol: SMEZ). Designed to
provide investors with access to small companies across the euro
zone, SMEZ began trading on the NYSE Arca on June 5, 2014.
“As Europe’s economy recovers from a double-dip recession that
began in 2008, investors are growing more optimistic about the
growth potential of European equities,” said James Ross, executive
vice president and global head of SPDR Exchange Traded Funds at
State Street Global Advisors. “With the launch of the SPDR EURO
STOXX Small Cap ETF, investors will have an opportunity to
diversify their European equity holdings while gaining exposure to
small cap stocks, an asset class that tends to be highly correlated
to the performance of local markets1.”
The SPDR EURO STOXX Small Cap ETF strengthens State Street
Global Advisors’ suite of SPDR ETFs designed to provide precise
exposure to European equities. Other funds include the SPDR EURO
STOXX 50 ETF (Symbol: FEZ) and the SPDR STOXX Europe 50 ETF
(Symbol: FEU). Year-to-date, FEZ and FEU have attracted more than
$646 million of new inflows as of May 30, 2014.
The SPDR EURO STOXX Small Cap ETF seeks to track the performance
of the EURO STOXX Small Index. The index consists of a
representation of small capitalization companies located within
European Union countries that have adopted the euro as their
currency. Countries covered in the index have historically included
Austria, Belgium, Finland, France, Germany, Ireland, Italy,
Luxembourg, the Netherlands and Spain. As of May 30, 2014 there
were 96 securities included in the index. The SPDR EURO STOXX Small
Cap ETF expense ratio is 0.45 percent.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSgA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Bank and Trust Company. The
funds provide investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as an industry pioneer, State Street created the first US listed
ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on
the forefront of responsible innovation, as evidenced by the
introduction of many ground-breaking products, including
first-to-market launches with gold, international real estate,
international fixed income, and sector ETFs. For more information,
visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors
worldwide for its disciplined investment process, powerful global
investment platform and access to every major asset class,
capitalization range and style. SSgA is the asset management
business of State Street Corporation, one of the world’s leading
providers of financial services to institutional investors.
1Source: Stoxx, Zephyr StyleAdvisor, SSgA. Euro Stoxx & Euro
Stoxx Small, Mid, and Large indexes used as proxies. As of
3/31/2014.
Index returns are unmanaged and do not reflect the deduction of
any fees or expenses. Index returns reflect all items of income,
gain and loss and the reinvestment of dividends and other
income.
Past performance is not a guarantee of future results.
Diversification does not ensure a profit or guarantee against
loss.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation.
References to State Street may include State Street Corporation and
its affiliates. Certain State Street affiliates provide services
and receive fees from the SPDR ETFs.
Investments in small-sized companies may involve greater risks
than in those of larger, better known companies.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations. Non-diversified funds that focus on a relatively
small number of securities tend to be more volatile than
diversified funds and the market as a whole.
Non-diversified funds that focus on a relatively small number of
securities tend to be more volatile than diversified funds and the
market as a whole.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
The Fund invests by sampling the index, holding a range of
securities that, in the aggregate, approximates the full Index in
terms of key risk factors and other characteristics. This may cause
the fund to experience tracking errors relative to performance of
the index.
CORP-1029
State Street CorporationElizabeth Bartlett,
+1-617-662-2903www.statestreet.com@StateStreetorRiver
CommunicationsTroy Mayclim, +1-914-686-5599
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